Daniel P. Burkland - 20 Nov 2023 Form 4 Insider Report for Five9, Inc. (FIVN)

Reporting relationship: Pres. & Chief Revenue Officer
Issuer ticker: FIVN
Reported as of: 20 Nov 2023
Net transaction value: -$970,080
SEC form: 4
Accepted by SEC: 21 Nov 2023, 16:18:24 UTC
Prior SEC filing: 07 Sep 2023
Next SEC filing: 08 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ David Hill, Attorney in Fact

Key filing fact

Daniel P. Burkland filed Form 4 for Five9, Inc. (FIVN) on 21 Nov 2023.

Key facts

This page summarizes Daniel P. Burkland's Form 4 filing for Five9, Inc. (FIVN).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Nov 2023, 16:18.

Change

Previous filing in this sequence was filed on 07 Sep 2023.
Current net transaction value: -$970,080.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FIVN transaction

Common Stock

Options Exercise

Transaction value: $230,240
Shares: +16,000
Change %: +15%
Price: $14.39
Shares after: 119,360
Date: 20 Nov 2023
Ownership: Direct

FIVN transaction

Common Stock

Sale

Transaction value: $1,200,320
Shares: -16,000
Change %: -13%
Price: $75.02
Shares after: 103,360
Date: 20 Nov 2023
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FIVN transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -16,000
Change %: -58%
Price: $0.000000
Shares after: 11,459
Date: 20 Nov 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 16,000
Exercise price: $14.39
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 12, 2022.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $75.11, inclusive. The reporting person undertakes to provide Five9, Inc., any security holder of Five9, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F3

The option granted on November 14, 2016 is fully vested.